Tenant Problems? Call Code Enforcement On Your Self
Most investors do not want to hear that statement or get a call or message from that department in their town.
We know an investor who, after seeing overgrown lawns, unlicensed vehicles, too many RVs and boats, or other tenant caused problems, he calls code enforcement. He acts as an anonymous concerned neighbor and after the owner receives a letter, he sends it to the tenant for compliance. Fines are usually mentioned.
Jack,
this owner needs to stay in control.
Here in Oregon, once they get on you it’s very hard to shut them down.
It is not a wise proposition. Much better to be a firm landlord.
I might understand the phone call to the authorities if it was in neighboring property and the person desires an opportunity to purchase it.
Perhaps I misunderstood.
With a lot of my option properties, I actually jumped into the deal knowing well ahead of time that there was $9000 in liens that were on the property and once I took title I paid those liens and charged back to the optionee.
Besides the property taxes and the insurance and all other costs including attorney’s fees. This increased my cost factor and whereby I was reimbursed for all of these costs.
Doesn’t that make them tax-deductible to anyone who’s looking at my taxes :-)!
In Portland, they actually run a list of properties that have cited violations. In fact I have one borrower who owns scads of houses and I give them loans from time to time and he always have to dig around and look around for something that doesn’t have the city lien on it.
He is on their regular mailing list and someday they’re going to steal all of this properties.